On Tuesday, Shares of General Electric Company (NYSE:GE), gained 0.18% to $27.33.
General Electric Company, has been selected to lead the Institute’s effort to create a Digital Manufacturing Commons, or Digital Marketplace, which forms the “digital thread” that will connect and drive manufacturing supply chains in the future. The open source platform GE scientists are developing will build on the successful platform they demonstrated with DARPA and MIT a few years ago and which has been recognized as an outstanding innovation by top manufacturing leaders.
General Electric Company (GE) operates as an infrastructure and financial services company worldwide. The company’s Power and Water segment offers gas, steam and aeroderivative turbines, nuclear reactors, generators, combined cycle systems, controls, and related services.
Shares of Hewlett-Packard Company (NYSE:HPQ), inclined 0.36% to $33.88, during its last trading session.
Hewlett-Packard Company, declared that DreamWorks Animation has selected HP to automate its IT infrastructure. By deploying HP Datacenter Care - Infrastructure Automation, HP is providing an agile deployment model, enabling DreamWorks Animation to manage its infrastructure as code to continuously deliver applications and services more quickly and reliably.
According to IDC, the average number of application deployments per month for Fortune 1000 companies is predictable to double in two years. By automating, high-performing organizations can deploy code 30 times more frequently with 50 percent fewer failures.
Hewlett-Packard Company, together with its auxiliaries, provides products, technologies, software, solutions, and services to individual consumers and small- and medium-sized businesses (SMBs), in addition to to the government, health, and education sectors worldwide.
At the end of Tuesday’s trade, Shares of Globalstar Inc. (NYSEMKT:GSAT), gained 4.50% to $2.32.
Globalstar, declared that it has awarded a contract to technology company Yippy, Inc. (YIPI) to provide private cloud data services utilizing Globalstar’s satellite network and devices. Globalstar customers will have the ability to more easily gain access to internet connectivity when beyond cellular, making it easier to stay connected, efficiently maintain secure business operations and send and receive critical data.
The companies have reached a contract to build out a global ubiquitous network utilizing the Yippy EASE 360 platform. This network will allow Globalstar customers to access online information in addition to corporate data silos with improved download and upload speeds with a focus on primary content. While Globalstar already maintains the highest data speeds in the industry which will improve up to 25x with the next generation ground infrastructure, the EASE 360 platform significantly enhances the customer experience such that web pages and content downloads/uploads are materially faster while maintaining a secure connection.
Globalstar, Inc. provides mobile voice and data communications services through satellite worldwide. The company offers duplex two-way voice and data products, counting mobile voice and data satellite communications services and equipment for remote business continuity, recreational, emergency response, and other applications; fixed voice and data satellite communications services and equipment in rural villages, ships, industrial and commercial sites, and residential sites.
Finally, Ambarella, Inc. (NASDAQ:AMBA), ended its last trade with -2.44% loss, and closed at $92.21.
Ambarella, declared financial results for its first fiscal quarter ended April 30, 2015.
- Revenue for the first quarter of fiscal 2016 was $71.0 million, up 73.5% from $40.9 million in the same period in fiscal 2015.
- Gross margin under U.S. generally accepted accounting principles (GAAP) for the first quarter of fiscal 2016 was 64.7%, contrast with 62.5% for the same period in fiscal 2015.
- GAAP net income for the first quarter of fiscal 2016 was $18.9 million, or $0.56 per diluted ordinary share, contrast with GAAP net income of $5.3 million, or $0.17 per diluted ordinary share, for the same period in fiscal 2015.
Ambarella, Inc. develops semiconductor processing solutions for video that enable high-definition (HD) video capture, sharing, and display worldwide. The company’s system-on-a-chip designs integrated HD video processing, image processing, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption.
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